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> Three stablecoins have gone to zero in recent weeks. When stablecoins crash, they go all the way . I found Iron Finance (TITAN) and SafeDollar [1]. What's th
by ValentineC 5y ago
> Three stablecoins have gone to zero in recent weeks. When stablecoins crash, they go all the way .
I found Iron Finance (TITAN) and SafeDollar [1]. What's the third?
[1] https://www.newsweek.com/safedollar-price-hits-zero-despite-being-stablecoin-developers-blame-hack-1605063 https://www.newsweek.com/safedollar-price-hits-zero-despite-...
- Animats 5y agoI suppose one could count IRON and TITAN as only one collapse. TITAN was supposed to partially collateralize IRON. There's also Iron's TITANIUM token, which collapsed as well. - IRON Titanium Token (TITAN) $0.00000145 - All-Time High $64.19 -100.0% Jun 16, 2021 The whole Iron Finance house of cards collapsed, taking down multiple tokens. Not that you'd know this from their main web site, "https://iron.finance/ https://iron.finance/". The new hype: Iron Finance relaunch scheduled for Monday, 12 July 2021 at 1PM UTC on Polygon Network The relaunch will include a new token and IronSwap, the Iron Finance stable swap product. As most of you are already aware, the Iron Finance team has renounced ownership of the old TITAN token, it is now actively managed by the TitanDAO community initiative. As explained in our previous Medium article, STEEL, TITAN and DND tokens are no longer part of the Iron Finance products and ecosystem. The new official Iron Finance token to replace the TITAN token will be the ICE token (=“TITANv2”). We were inspired by A Song of Ice and Fire novels, where the Iron Throne is a well-known symbol.